WORKSHOPS FOR WARRIORS INC (EIN 261721255) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

HERNAN LUIS Y PRADO

Phone

6195501620

Tax Period

2023-01-01 to 2023-12-31

WORKSHOPS FOR WARRIORS INC, founded in 2008, is a community nonprofit in the Employment sector that reported $7.6M in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $11.6M exceeded revenue, resulting in a 52% operating deficit.

Mission

THE MISSION OF WORKSHOPS FOR WARRIORS, INC. IS TO PROVIDE QUALITY TRAINING, ACCREDITED STEM EDUCATIONAL PROGRAMS, AND OPPORTUNITIES TO EARN THIRD-PARTY NATIONALLY RECOGNIZED CREDENTIALS TO ENABLE VETERANS, TRANSITIONING SERVICE MEMBERS, AND OTHER STUDENTS TO BE SUCCESSFULLY TRAINED AND PLACED IN THEIR CHOSEN ADVANCED MANUFACTURING CAREER FIELD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,474,327

Program Service Revenue $2,862,708

Investment Income $359,157

Other Revenue $-110,218

TOTAL REVENUE $7,585,974

Expense Breakdown

Grants Paid $2,425,419

Salaries & Benefits $3,479,643

Fundraising Expenses $330,876

Program Expenses $10,417,510

Other Expenses $5,629,798

TOTAL EXPENSES $11,561,815

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,585,974	$20,034,059	-0.6%
Expenses	$11,561,815	$10,019,824	+0.2%
Net Income	$-3,975,841	$10,014,235	-1.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$410,360

Total Directors

$214,424

Key Employees

$158,809

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HERNAN LUIS Y PRADO	BOARD CHAIR/CEO	40.00	Officer Director	$213,424	$1,000	$214,424
RACHEL LUIS Y PRADO	CFO/COO	40.00	Officer	$190,960	$4,976	$195,936
ADAM JACOBS	DIRECTOR OF MARKETING	40.00	Highest	$160,361	$0	$160,361
LYLE PALM	DEAN OF WELDING & HEAD OF FACILITIES	40.00	Key Emp	$157,667	$1,142	$158,809
MARIA C TRUONG	CHIEF OF STAFF	40.00	Highest	$167,047	$3,922	$170,969
PATRICK DORRIS	DEAN OF MACHINING	40.00	Highest	$144,385	$1,000	$145,385
JOSEPH M SCATENA	DIRECTOR OF OPERATIONS	40.00	Highest	$129,600	$3,996	$133,596
LISA RECORD	SENIOR DIRECTOR OF DEVELOPMENT	40.00	Highest	$104,605	$5,614	$110,219
ETHAN WEINSTEIN	BOARD MEMBER, SECRETARY (THRU 04/23)	2.00	Officer Director	$0	$0	$0
AMANDA BARBER	BOARD MEMBER	2.00	Director	$0	$0	$0
RICK BIBEN	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD EGER	BOARD MEMBER (THRU 08/23)	1.00	Director	$0	$0	$0
ED MURPHY	BOARD MEMBER (THRU 12/23)	1.00	Director	$0	$0	$0
MICHAEL SHOEMAKER	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER ZIERHUT	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER PETERSON BOARD MEMBER	TREASURER/SECRETARY (AS OF 04/23)	8.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$7,585,974	$11,561,815	$22,600,714	$-3,975,841
2022	$20,034,059	$10,019,824	$24,081,400	$10,014,235
2021	$8,821,074	$7,872,072	$7,296,588	$949,002
2020	$7,708,025	$7,948,325	$6,096,093	$-240,300
2019	$7,170,975	$5,908,926	$5,491,857	$1,262,049
2018	$6,638,895	$6,788,121	$4,333,306	$-149,226

WORKSHOPS FOR WARRIORS INC